M&A

Rio, Mitsubishi to swallow C&A

GLOBAL mining behemoth Rio Tinto and Japanese steel giant Mitsubishi have taken advantage of the downturn on world stock markets to launch takeover discussions with Coal & Allied at bargain basement prices.

Lau Caruana
Rio, Mitsubishi to swallow C&A

Rio and Mitsubishi were quick off the mark, making an indicative bid in the early hours of Saturday of $A122 a share for the 14.1% of Coal & Allied they do not already own. While the indicative bid...

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